Many of us were wondering if summer, or even spring, was going to start and sure enough May brought us some of both! With the end of the school year around the corner, the natural swing of real estate . Here in Central Oregon the 2023 home selling season is well under way.  May brought out the buyers and sellers with many new listings hitting the market as well as leaving the market. Bend and Redmond continue to outpace other areas. With the economy and mortgage rates now about historically average, housing prices have leveled off a bit, but continue to remain strong so don’t that deter you sellers – buyers are coming out in droves this summer in Bend & Redmond.

April, while a bit slower than the rampant pace we’ve seen, was a solid a month for real estate. May solidified that message and seller as well as buyer activity hit the market. Bend and Redmond saw increases across almost all major statistics we track. It’s still important to keep an eye on these trends so that you know what’s happening and how it might affect your plans to buy or sell now and for the future. Furthermore, May brought a large increase in active inventory. Don’t believe us? Check the latest listings for Bend and Redmond, Oregon. As continual fluctuations of the mortgage industry, so price reductions across most properties. The residential statistics for Bend & Redmond did see a small increase in average list price to sale price and the same movement for number of days on market. Central Oregon continues to drive the fairly steady home market. Entering the summer months of 2023 home buying and selling, we are seeing increases and additional opportunities for both buyers and sellers.